05 Financial performance Financial statements 5.3.2 FINANCIAL STATEMENTS OF COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN (PARENT) ASSETS (in € thousands) Note December 31, 2024 December 31, 2023 Cost Depreciation, amortization & provisions Net Net Intangible assets 5 427,379 (309,140) 118,239 119,516 Investments 6 12,395,359 (29,657) 12,365,702 11,282,052 NON-CURRENT ASSETS 12,822,738 (338,797) 12,483,941 11,401,568 Receivables 7 1,247,045 1,247,045 1,349,583 Derivative instruments 8.1 43,064 (42,906) 158 250 Cash 2,914,626 2,914,626 1,176,393 Prepaid expenses 3,789 3,789 4,922 CURRENT ASSETS 4,208,524 (42,906) 4,165,618 2,531,148 Deferred charges and bond call premiums 42,847 (6,898) 35,949 25,375 Conversion losses TOTAL ASSETS 17,074,109 (388,601) 16,685,508 13,958,092 EQUITY AND LIABILITIES (in € thousands) Note December 31, 2024 December 31, 2023 Share capital 9 352,874 357,479 Paid-in capital in excess of par 9 2,325,852 2,701,774 Revaluation reserve 10 624,772 624,772 Other reserves 10 1,282,107 1,282,573 Retained earnings 10 1,193,231 1,885,645 Net income 10 1,216,874 272,053 Untaxed reserves 10 61,598 61,598 EQUITY 7,057,308 7,185,894 Convertible bonds 8.1 Ordinary bonds and other borrowings 8.2 5,953,808 4,930,951 Other financial liabilities 11 2,748,686 949,606 Accrued taxes and payroll costs 11 11,700 3,531 Other liabilities 11 914,006 888,110 Derivative instruments - - LIABILITIES 9,628,200 6,772,198 Conversion gains TOTAL EQUITY AND LIABILITIES 16,685,508 13,958,092 443 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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